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Net income will result during a time period when?
revenues exceed expenses.
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
A net loss will result during a time period when?
When expenses exceed revenues a net loss occurs.
What is it called When tax revenues exceed expenditures?
Budget Surplus
What is it called when your expenses exceed your income?
UNSUCCESSFUL
Net income will result during a time period when?
revenues exceed expenses.
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
A net loss will result during a time period when?
When expenses exceed revenues a net loss occurs.
What is it called When tax revenues exceed expenditures?
Budget Surplus
What is it called when your expenses exceed your income?
UNSUCCESSFUL
What does a business if its cost and expenses exceeds its revenues?
When a business's costs and expenses exceed its revenues, it incurs a financial loss. This situation can lead to unsustainable operations if it persists, prompting the business to reassess its pricing strategy, reduce expenses, or find ways to increase sales. If not addressed, ongoing losses may result in cash flow problems and ultimately threaten the viability of the business. In extreme cases, it may lead to insolvency or bankruptcy.
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When revenues exceed expenditures, _____.?
there is a budget surplus
What is a business makes a profit when its costs of production are less than its what?
A business makes a profit when its costs of production are less than its revenues. Revenues are generated from sales of goods or services, and when these exceed the expenses incurred in producing them, the business earns a profit. Essentially, profitability occurs when income surpasses costs.
When total revenues exceed total cost a business has registered?
A loss.
Annual tax revenues in Illinois exceeds billions dollars?
Annual tax revenues in Illinois exceed $51,000,000,000 ($51 billion).
When revenues exceed expenditures the government has a?
a big fat in the red( deficet )not sure how to spell it
